Last year, foreign investment in Ukraine increased by 40%: Which international companies are investing?

Foreign investment in Ukraine in 2023 increased by 40%, up to $1.2B. Among the large investors are giants in metallurgy, energy, and building materials.

1. The metallurgical giant ArcelorMittal continues to develop production in Kryvyi Rih. In 2024, it is planned to increase investment by almost 20% to $155M.
2. Australian European Lithium has 100% ownership of the European Lithium Ukraine company and plans to mine what is potentially the largest lithium deposit in the Kirovohrad region.
3. Canadian company Black Iron Inc. wants to invest $1.1B in a mining and beneficiation plant in Ukraine.
4. Dutch Madoqua Renewables Holding Limited will build a waste processing plant in Ternopil Oblast for €900M.
5. By 2030, the Turkish Onur Group plans to invest about $260M in Ukrainian green energy, particularly wind power plants, with a total capacity of 200 MW. As of September 2023, the group has already invested about $290M.
6. In 2023-2024, the Danish brewing group Carlsberg plans to invest ₴2B ($50M) in its Ukrainian business.